Business News

South Africa dialogues with Trump over Tariff

Andrew Mbeki August 3, 2025

South Africa South African President Cyril Ramaphosa on Friday pledged to pursue all diplomatic efforts to safeguard national interests, as a 30-percent tariff imposed by the United States is set to take effect. According to a statement released by the presidency, South Africa will continue to

Business

Japan bets big on African innovation

Chung Fang August 1, 2025

Japan As the ninth edition of TICAD approaches, Japan is doubling down on its collaborative investment and innovation agenda across Africa. Tokyo’s development agency, JICA, says the focus will remain on climate resilience, infrastructure, and human capital development—key pressure points as Africa’s youth unemployment crisis deepens and protectionist trade policies

Business News

Nigeria’s President Tinubu’s supporters holds banks responsible for economic downturn

admin July 27, 2025

Nigeria Dooyum Naadzenga  In a startling statement, the Asiwaju Ahmed Tinubu Support Group (AATSG) has publicly accused Nigeria’s powerful banking sector of sabotaging President Bola Ahmed Tinubu’s Renewed Hope Agenda by imposing sky-high lending rates that have reached as much as 48%.  The group warns that these predatory rates, justified by the Central Bank of […]

Business

IMF: Senegal lauded for strengthening economy, reduce debt burden

Andrew Mbeki July 25, 2025

Senegal The IMF praised Senegal for acting to engage reforms to strengthen its economy, while also working with the IMF to clarify and amend it’s debt position after it uncovered misreporting of how much the African country owed creditors, Kozack said citing comments by the Fund’s First Deputy Managing Director Gita Gopinath. The IMF, a […]

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Nigeria’s solid minerals, key to economic prosperity – Elipse

Kingsley Chukwuka July 21, 2025

Nigeria Beneath the surface of Nigeria is a vast and largely untapped treasures of trove of solid minerals. The very foundation upon which a new era of economic prosperity can be built. This isn’t just about digging up rocks; it’s about building a nation on rock-solid foundations. This is the submission of a Mining company […]

Business

Elipse Industries end contract with Chuangyue Industries

Kingsley Chukwuka July 7, 2025

Nigeria Elipse Industries Ltd wishes to inform the general public that it has exhausted its contracted agreement with Chuangyue Industries Nig Ltd, adding that it will not be held liable if anyone transact business with the said company on behalf of Elipse. See termination notification Termination of Contract Notification We would like to officially notify […]

Business

Naira appreciates against dollar

Kingsley Chukwuka June 21, 2025

Nigeria The naira appreciated against the dollar at the official foreign exchange market on Friday, ending a three-day depreciation streak. Data from the Central Bank of Nigeria showed that the naira strengthened to N1,547.36 against the dollar on Friday, compared to N1,549.41 recorded on Thursday. This indicates a gain of N2.05 against the dollar on […]

Business

Brush Day and Night Campaign: Pepsodent targets 2.7 million pupils

Kingsley Chukwuka June 21, 2025

Nigeria In its drive toward deepening oral hygiene among kids, Pepsodent, a leading global toothpaste brand, has begun 2025 Brush Day & Night awareness campaign in three locations across Nigeria with the target of reaching 2.7 million pupils.The initiative, which is part of Pepsodent’s ongoing move to sensitize pupils about oral hygiene, will be carried […]

Business

Morocco to reassess Turkey trade deal

Aaliyah Aamir June 20, 2025

Morocco Morocco is preparing for a thorough review of its 2004 trade agreement with Turkey, following a sharp rise in the bilateral trade deficit. The shortfall has surged to about $3 billion, largely driven by Moroccan imports of Turkish fabrics. Overall, Morocco’s trade imbalance widened 22.8% to $12 billion in the first four months of 2025, continuing […]

Business

Niger to nationalize uranium venture

Saad Huzaifa June 20, 2025

Niger Rebublic Niger’s government said Thursday it would nationalize the Somaïr uranium venture operated by French company Orano and accused it of taking a disproportionate share of the uranium produced at the site. The announcement comes as military authorities in the west African country tighten their grip on foreign companies and civil society. Tensions have […]